Quad Graphics (NYSE:QUAD) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Quad Graphics, Inc (NYSE:QUAD – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.72 and traded as high as $6.15. Quad Graphics shares last traded at $6.0350, with a volume of 188,798 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QUAD shares. Barrington Research reiterated an “outperform” rating and issued a $10.00 price objective on shares of Quad Graphics in a research report on Friday, October 31st. Weiss Ratings raised Quad Graphics from a “sell (d)” rating to a “hold (c)” rating in a report on Friday, October 31st. Rosenblatt Securities cut their price objective on Quad Graphics from $8.60 to $8.20 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Quad Graphics from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.10.

Read Our Latest Stock Report on QUAD

Quad Graphics Trading Up 1.4%

The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $307.06 million, a PE ratio of 14.72 and a beta of 1.11. The stock’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.88.

Quad Graphics (NYSE:QUAD – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Quad Graphics had a net margin of 0.82% and a return on equity of 62.52%. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $605.45 million. Sell-side analysts anticipate that Quad Graphics, Inc will post 1.08 earnings per share for the current year.

Quad Graphics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, November 17th. Quad Graphics’s dividend payout ratio is currently 73.17%.

Hedge Funds Weigh In On Quad Graphics

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Quad Graphics by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,799,720 shares of the business services provider’s stock valued at $11,266,000 after acquiring an additional 11,773 shares during the period. LSV Asset Management raised its holdings in shares of Quad Graphics by 8.5% during the second quarter. LSV Asset Management now owns 1,402,780 shares of the business services provider’s stock valued at $7,926,000 after purchasing an additional 110,462 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Quad Graphics by 1.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,117,060 shares of the business services provider’s stock valued at $6,088,000 after purchasing an additional 16,910 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Quad Graphics by 1.9% in the first quarter. Bridgeway Capital Management LLC now owns 752,952 shares of the business services provider’s stock worth $4,104,000 after purchasing an additional 13,948 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Quad Graphics by 0.3% in the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Quad Graphics Company Profile

(Get Free Report)

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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